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that there is no issue of default and get our government reopened. >> reporter: this comes as senate harry reid and mitch mcconnell are working to reopen the government and extend the debt ceiling and reid doesn't like the house alternative and called it extreme. >> this is so disappointing. on the eve of financial destruction for this great country and that's what it is. to appease a small group of people over there, i am so disappointed. >> reporter: about the senate talks white house spokesman jay carney said they are far from a deal and all eyes are on the house to see if they have the votes to pass the measure. >> thank you, mike. >> we are 15 days in the shutdown now. the house passed 15 mini spending bills and the senate refused to act on them. despite thatment the grand canyon reopened because the state found a way to make it work. dysfunctional government the polls say is what is problem. that sets a record for dysfunction. >> call it a world record. meanwhile right after speaker boehner announced the house plan democrats went off on him. >> the senate was apparently close to a deal. where does
at the white house. attention has shifted to harry reid and the minority leader mitch mcconnell. they have just wrapped up a meeting within the past half hour. reid saying they're getting closer and closer to a deal. minutes ago, president obama said there is some progress on the senate side. we should get the videotape of the president. he's been outside of the white house, any minute now, we're going to bring you his comments as soon as they come in. stand by for that. meanwhile, republican senator bob corker of tennessee says the reid-mcconnell talks under way right now are where a deal is most likely to come from. >> i think at the end of the day, the culmination needs to be something between mcconnell and reid. and i think that all of the side talks that have occurred have helped create an environment for that to happen. so you know, i think -- i know mitch and harry are talking and i think we're about to get to a place where you know, again, we can move something hopefully off the senate floor that's widely bipartisan. i think it's going to take that to having something move productively
pelosi. also harry reid and minority leader mitch mcconnell. right now, the senate convenes, and these two huge players, mcconnell and reid, are expected to speak. we're watching very closely. we've been reporting this meeting, reid and mcconnell's office, the talking that's taking place, and what these two say could indicate the face of the country, really, at this point in time. fast-moving story. dana bash has been all over it. she's our chief congressional correspondent. i understand reid has been back in mcconnell's office. tell me, is this a good sign heading into this white house meeting in 60 minutes? >> it sure seems like a good sign. i just came to talk to you from standing outside of mcconnell's office which is kind of on the other side of the capitol, we expect both of them to leave there soon to speak publicly on the senate floor. but as reid was walking into mcconnell's office, ted barrett saw he was holding a piece of paper, which is a good sign, and he said we're going over the deal. the question is, are you there yet? he said, not yet. we were talking a lot
on the same page. that followed a meeting in the room surrounding the senate chamber, involving harry reid, and mitch mcconnell and other senator republicans. the meeting was good, said harry reid afterwards. there may be movement, we don't know. >> we are four days from the october 17th default deadline, right? >> we really are, yes. >> two weeks into the government shutdown, and there has been polling that has been bad for both parties - clearly worse for the republicans, right? >> yes. >> surely there'll be a point where voters say, "i don't care who is more responsible, who i feel is more responsible. i need someone to fix this." >> there was an n b.c. washington "wall street journal" poll with a 22% difference between who people blame. they blame the republicans more than the president by a margin of 22 points. so that is very, very significant, and worrying for the republicans, who were hoping to get more senators into the senate - republican senators in the midterm elections next november. that has to be on the cards. i think it will not be one person. a lot of people are saying wh
're hearing that's making sinus, as we heard from harry reid, they are rejecting this plan that is sort of spearheaded by susan collins, one of the moderates who actually will break with her party at times to i guess see things more from the perspective of the white house or democrats. she had proposed funding the government for six months, extending the debt limit just until january to give a little breathing room. that was rejected. democrats were called in the white house as well, didn't like some of the provisions. they wanted that debt ceiling to be extended further, but also there was the issue of how to deal with spending cuts, more spending cuts that are due to kick in in the new year. one of the proposals, one of the provisions in her plan was to allow agencies to have more flexibility in how they adjust to across the board spending cuts from what we call the sequester. well, democrats had concerns that perhaps republicans who are very worried about defense cuts would end up supplementing -- substitu substituting, i should say, cuts to perhaps safety net programs, the democrats
the senate is convening behind the scenes. majority leader harry reid and republican leader mitch mcconnell are holding talks to end the shutdown and reach a deal on the debt ceiling just days -- four days before that deadline. let's go right to mark preston on capitol hill. mark, what's happening there? is there any movement? what are you hearing? >> reporter: i have to tell you, miguel, this is a rather rare session of the united states senate gaveling in on a sunday afternoon. we hope now that senator harry reid and senator mitch mcconnell will be able to get together. the ball has been handed to them right now. collapse is the best way to describe what has happened between the talks between house republicans and president obama that happened on friday. right now the ball is in the united states senate court. it's really in the hands of senator harry reid and senator mitch mcconnell. we're four days until the treasury says we will be out of money or be out of enough money to pay all our creditors and we are now heading into the third week of the u.s. government shutdown, miguel. >
are hearing reports that harry reid may have a stand alone debt resolution. >> iitthe bill would need 60 vo. that would get past a filibuster. that means republicans would have to vote for it and all of the democrats and that could be a sticky volt for som vote for e democrats. american people view a vote like this raising the debt limit allowing the government to spend more money. really it's allowing the u.s. treasury to pay the bills that are already in existence. we'll see that bill come to the floor in the senate later on this bike. this -- week. it still has to get through the house. there is a bit of a political maneuver. but what around here is not a political maneuver. >> it would be safe to say if anybody is getting rich these days it's the pollsters. public perception at this time, how are americans reacting to the first full week of the shutdown. >> they are getting frustrated and they are have us as they watch the markets to see how they react. we are seeing new poll numbers that show americans rank congress at a big low. at 11% give them a thumbs up approval rating. less than
with leading democrats in the senate and republicans, after which harry reid, the majority leader said that had gone well. it really is all eyes on the senate. it looks as if there may be something going on between the two leaders in the senate. >> these are tiny things. the 17th is around the corner. the country needs something huge, bigger than this. >> you are right. whatever is going to happen, and something will happen regarding the debt ceiling. that's the bigger of the two issues. that runs out on the 17th, which is thursday. then the united states will not be able to pay its bills. someone will have to do something, and quickly, because it will take a couple of days for everything to work out and for a bill to arrive on the president's death. a lot of people are saying, "where is john boehner?" the speaker of the house, where is he, he hasn't been seen in publicment a lot feel that he's a -- public. a lot people that he's allowing the freshman representatives in his party to run things. a move could come from mitch mcconnell or patty murray, or susan collins, who has a plan on the tab
biden and harry reid. >> there is no reason to believe that harry reid will screw this up. when he has the power back in his hands -- >> and he is found in negotiating these things ever. >> i have been saying that biden disappeared and now we find out reid won't let him in the building. >> he cut a bad deal the first two times around. >> andrew was talking about something two weeks ago. i cannot get it out of my mind. i want to thank our panel. that does it for this edition of "ac360 later." shutdown showdown with jake tapper starts right now. >>> tonight, a cnn special. >> very optimistic. >> i share his optimism. >> >> after two weeks of paralysis. >> there's a deal to be had here. >> there's finally movement. but the clock is still running down. >> if we don't start making real progress in the house and the senate we stand a good chance of defaulting. >> will the house rank and file play ball? don't count on it. >> if there are no systemic changes to the debt i would vote no. >> our guest a republican lawmaker from a swing district. >> jeff denham shut down our government. >> jeff d
leader harry reid and mitch mcconnell did sit down in a meeting yesterday to reach some kind of an agreement and they plan to keep talking though we don't know when. this after house negotiations are the white house broke down on friday. >> i am glad negotiations are going on. i am sad that twice they were close to a deal and they moved the goalpostss in light of the data. i am disappointed the president of the united states has not played a more active role in this. >> the last-minute talks come near the deadline of raising the debt ceiling. republicans and democrats alike see the talks on the senate side as a sign of progress. the democratic senator dick derbin says it is a breakthrough. there may be optimism, but harry reid, the senate majority leader said there is a long ways to go and meantime the white house says president obama will get a briefing later on this afternoon on the impact of the shutdown. >> steve centanni in our newsroom. >> my next guest says he is frustrated because senator reid and president obama keep moving the goalposts. joining me is the republican
into recession. >> the dealmakers after talks in the house broke down over the weekend, harry reid and mitch mcconnell met today. reid says he hopes to strike a deal before congressional leaders head to the white house. we'll talk to key leaders mary landry and chuck schumer and ask republican senator bob corker if he stands by this warnings prediction. >> i do hope by the end of the day we'll have an agreement that makes sense for our country. >> good day, everyone. i'm andrea mitchell in washington where key political players are trying to put a wasted weekend behind them. president obama and vice president biden are going to host senate and house leaders from both parties this afternoon. right now the prospects for a deal that can clear both chambers are still slim. tennessee senator bob corker has hope eternal serving on the bank committee calling for both sides to come together. senator, thank you very much. i know you've had a long weekend talking to leaders, international leaders. what is the latest in the form of susan collins or bipartisan group proposal can be resurrected in time to a
talking, that's when things happen. but harry reid, the senate majority leader said, he doesn't expect anything to happen until they get past the government shutdown. he says we're not going to -- it's not going to happen, was his quote specifically. dealing with these two things at once, the government shutdown and the debt creel, -- debt ceiling, it's like the world series and stanley cup tame. at it october and juggling this two things is remarkable. people are looking for an exit ramp and it's not there yet. >> the g.o.p. says we'll give you your debt ceiling, give yaw that increase until mid-to late november. in return for that you have to come to the table and bargain with us over the shutdown, and that may or may not include obamacare. right? >> that's right. and they haven't been specific to the government shutdown. a republican congressman from idaho says this morning, obamacare is still on the table. he said we're willing to give some in terms of 0 a clean raising of the debt ceiling. heritage action, one of the conservative groups which monitors house republicans and senate
harry reid, the senate democratic leader rejected a compromise plan by 12 senators, half republicans half democrats. it sounds like the other side is demanding senator corker that you reopen the government and you extend the debt limit with no strings attached. will senate republicans accept that? >> existing law which is now where they're at. are they going to agree to leave the budget caps that have been long been established as u.s. law, are they going to set a frame work that allows us to deal with the bug issue that our government faces. >> let me quickly explain to folks, because what happened as part of the government control act in 2011, sequester levels were cut and these were automatic spending cuts and the overall budget has to go down to a certain level. the democrats are now insisting let's raise the sequester levels, let's relax that. if obama care was the law of the land and couldn't be tinkered with, why is it the sequester that is the law of the land can be tinkered with. >> to try to change a law that was central to the president's agenda was not something that was
some kind of debt limit deal. however, there is zero possibility that senators harry reid and mish mcconnell will achieve anything significant fblgt what we are watching here is something between a meltdown and pathetic. the meltdown would be a default. but what's pathetic is simple. for years, and we were just discussing it on the first segment on a bipartisan basis, this city has failed to deal with the big problems facing america, and the world is noticing. i found it chilling today that china's government-owned news agency is now pointing to our continuing crisis and basically saying, the u.s. fiscal failure warrants a de-americanized world. now, other countries are saying similar things. i think we should take that as a serious warning that in fact we need to get or how in order in order to remain the leading countries in world and we have to stop the self-inflicted wounds. what they are really saying is don't shut down the government over defunding your health care plan. don't threaten default because you're not getting what president. these are things that shouldn't be a hostag
about the debt ceiling. libby we are hearing reports that harry reid could rollout a stand-alone measure to raise the debt ceiling. what are you hearing about that? >> that's right, dell. watch for that today. a bill like that would still have to ultimately pass the house which as you know would be a heavy lift. a bill like this would require 60 votes to overcome a filibuster. for some democrats who are facing tough reelection bids next year, this could be a dicey vote, which is why it's believed this technique has been avoided so far, a bill that harry reid could put forth would basically call for raising the debt limit, and that's often perceived as allowing the government to just spend more money. but in actually it is really allowing the government to pay the bills that have already racked up. so stay tuned today. >> [ inaudible ] house speaker boehner says he is not drawing a any lines in the sand. what does he mean? >> he is saying look, the problem is not here. take a listen to speaker boehner yourself. >> by refusing to negotiate, harry reid and the president are putting our coun
we have heard speaker boehner say it's all up to president obama and harry reid to take the next step. >> by refusing to negotiate, harry reid and the president are putting our country on a pretty danger path. listen, there has never been a president in our history that did not negotiate over the debt limit. never, not once. matter of fact, president obama negotiated with me over the debt limit in 2011. he also negotiated with the blue dog democrats to raise the debt ceiling in 2010, so the way to resolve this is to sit down and have a conversation to resolve our differences. >> right now there is a poll that shows most voters do not agree with speaker boehner. they do not think the debt limit should be tied to any kind of other issues. this poll was taken by united technologies and the national journal, by moore than half they are saying it should not be tied to the political care act or negotiations over the budget. that they should be done separately. and if it doesn't happen, it will be very serious consequences. democratic leaders held their news conference to respond. >> we have
, the president rejected the house gop plan. yesterday senator harry reid rejected the compromise lead by 12 senators, half republican, half democrats. it sounds like the other side is demanding, senator corker, that you reopen the government and extend the debt limit with no strings attached. will senate republicans accept that? >> well, again, are they going to try to change existing law which is now where they are, or are they going to agree to leave the budget caps that have been long established as u.s. law, are they going to leave those in place and set a framework that allows us to deal with the big issues our nation faces which is mandatory spending. >> let me quickly explain to folks. what happened was, as part of the budget control act in 2011, sequester levels were set. these were automatic spending cuts. the budget has to -- overall budget has to go down to a certain level. the democrats are now insisting, let's raise the' questions center levels, let's relax that. one of the questions that i know some republicans are asking is, if obama care was the law of the land and couldn't
to be blame the other side for everything he is responsible for. in cruz's words, it's harry reid and president obama forcing the shutdown. it's the democrats who are the extremists unwilling to compromise. and the american people are firmly behind, guess who, cruz despite polls showing huge majorities are not. who is buying cruz's lying at this point? apparently he is. joy reid and sam stein. both are msnbc contributors. let's go now to joy. your thoughts. let's try to step into the shoes and heart and brain of senator cruz. he's a newcomer. he's been in washington just about half a year. he beat the incumbent establish candidate dewhurst down there. he is where he never expected to be if he's normal. but somehow he's floating on air. but how does that overwhelm and trump and in almost every case the observable facts? he caused the shutdown. he advertised for it, achieved in getting it going, and continues to goose any republican or threaten with defeatism or treason any republican who doesn't want to continue the fight. your thoughts, joy? >> the way that cruz gets away with it
caught on video today. d.c. mayor gray got in majority leader harry reid's face. tom sherwood was there and joins us to tell us more about this. >> jim, this is just not the way they do things on the senate side. and harry reid, he wasn't happy. mayor gray led a spirited protest today, asking the democratic senate to back a republican house move to free the district from federal budget restrictions. darrell issa joined grey. but the senate has dismissed gray's appeal when grey learned harry reid was standing nearby holding his own press conference, grey left his own event. he pushed into reid's and stood right by him. a rare disruption. then grey confronted reid on his lack of support. reid didn't sound pleased. >> i'm on your side. don't screw it up. okay. i'm on your side. >> the majority leader abruptly left, leaving gray to explain his actions. >> what i wanted to hear said is we're going to go in there and be able to allow the district of columbia citizens to spent its own money. during the confrontation, she stepped in trying to calm the situation. >> we cannot expect th
and raise the debt ceiling could gain bipartisan support, the majority leader harry reid gave this grim assessment. >> i have seen what i have seen in writing, it is not going to go in anyplace at this stage. >> still the collins plan is what both sides are talking about today, though it may not have enough bipartisan support to pass the senate the parties will need some sort of framework to, if they hope to break this stalemate. reid and mcdonnell met for an hour. they have no further talks scheduled today, but said they might talk by phone. this, reid was called to the white house with another talk to the president, putting off any hope of agreement by the end of the day. >> the house is not expected to be in session tomorrow. >> for the senate harry reid says he would like to see a deal in place in the next 48 hours but this latest round of talks with his counterparts, senator mitch mcconnell are in the very early stages. jim. >> axelrod: jeff pegues on capitol hill for us tonight, thank you. let's bring in john harris now, editor in chief of the political web site, john, optimism is
have more on the senate. we have comments from harry reid, the majority leader, saying the negotiations in the house on the issue of raising the debt ceilings, i'm talking about raising the debt ceiling. harry reid said the negotiations on that front are over. he said the republicans were talking to the president, but that has now stopped, and so basically it's all eyes on the senate. it's all down to the senate. the republican caucus in the house seem to acknowledge these comments and they also, according to unnamed sources, you can guess who they are, all the usual candidates, basically there are no negotiations going on and the republicans in the senate should stand firm on their principles. of course, it's not that they want to see the debt ceiling not raised or that there is a potentially economic crisis coming. but they have their principle. they don't want to see more government spending. in the senate there is a vote taking place right now on raising the debt ceiling. they need 60 votes, and here is dick durban, the democrat from illinois who doesn't any a single republican is g
this debate going, and that seems to have been what happened. harry reid the majority leader also spoke earlier today. he said essentially discussion involving the republicans particularly in the house and the white house is over. it's finished. now it's all eyes on the senate when it comes to raising the debt ceiling. here's what he had to say. >> i was happy to see the republicans engaged in talks with the president. that's over with. it's done. they're not talking any more. we learned that this morning. i say to my friends on the republican side of the senate, time is running out. >> reporter: time is running out, he says. that's harry reid. republicans seemed to concur a little bit with that. they said that they feel that the discussion has finished now with the white house, and it is all eyes on the senate regarding raising the debt ceiling and urge republicans in the senate to stand and be strong on their principles. of course it's not like anyone wants the debt ceiling not to be raised, and cause an economic collapse around the world. but republicans don't want any more governmen
senator harry reid went to the floor and said he is still making progress in his negotiations with the public leader mitch mcconnell and he does expect a deal between them sometime this week and senate democrats and senate republicans are having their policy lunches today expected to talk all about this on where they all stand and whether or not they can come to their deal. dagen: peter, thank you for that. we also have matt welch and rob reynolds, chief executive officer, good to see you. we will probably have to break to go to that house speaker every week now. bu do think the market is factoring in that this deal will get done and by this kind of deadline on thursday? sorry, bob. we're going to interrupt, here is house speaker john boehner. >> good morning, everyone. our leader team met with members today trying to find a way forward in a bipartisan way that we continue to provide fairness to the american people under obamacare. there are a lot of opinions about what direction they're going to go. there has been no decisions about what exactly we will do. but we will contin
with senate democrat, harry reid said he will not enter budget talks if only the debt ceiling is taken care of. question is, if boehner does one and the debt ceiling, could the president enter a conversation or something like that, something about reopening the government? bottom line, speaker boehner as well as the republican team left without talking to reporters. sena >> that's pretty significant. usually they go to the microphones. >> right. they want to get momentum. you saw the markets cheering of a potential deal. if boehner had progress he would have come to the microphones and said we're this close. instead he has to go back to fellow republicans and sale where they are now. >> thank you. stocks surged on the prospect of a mini deal or the prospect that anything was moving forward in washington. dow had a monster gray gaining 323, most in three years. nasdaq gained 83. there are questions about what what the president knew and when he knew it regarding the suspension of funds due to the shutdown. jennifer griffin has the latest from the pentagon. >> reporter: after the defense departm
. we're getting information with meeting from senate democrats at white house. afterwards harry reid stepped out and put it very bluntly, he said, i'm quoting, not going to happen. this is from senator harry reid. he is head of senate democrats. he extremely partisan personality. less likely to compromise. maybe he is just staking out a position. according to reid deal is quote, not going to happen. cheryl: which is a crucial point to bring up, david, because the gop is heading into the white house in 15 minutes to meet. it is john boehner's belief at this point that the president is ready to sit down and extend the debt limit for six weeks. david: these numbers may have a beside them tomorrow. for the moment let's bask in a glory of a moment of 323 points on the dow. let let's head back to lauren simonetti on the floor of the new york stock exchange. lauren. >> we're watching safeway. you can see me even better. lights off, lights on this was up 2.5% in the session. that is what the market did, right? after-hours, reporting earnings profits 30 cents a share versus estimate of 16. re
, senate majority leader harry reid was unable to muster a 60 vote threshold to pass a clean debt ceiling extension. and he took a lot of heat for that. from republicans. republicans took a lot of heat from the white house on that. here's the white house statement released after that. unfortunate that the commonsense clean debt limit increase proposed by the senate was refused. so that leaves all parties, the white house, the senate and the house, with very little direction to turn at this point. only five days until we reach the debt ceiling. our senate producer up here just spoke to senator dianne feinstein a little while ago. asked her, is there any way out of this? feinstein replied, not to my knowledge. >> they're not going to give him a blank check. he didn't give the president a blank kecheck when he was a senator. live on capitol hill. a busy day there. we'll check back with you, thanks. >> a bunch of states are reopening some of our most famous landmarks after striking deals with federal authorities. we're talking about states like arizona. letting tourists back into the grand ca
house meeting. thchs a meeting attend bipartisan leading senate democrats including harry reid. also attend by senators schumer, durbin and patty murray of washington state. we got a good read out from a senior democratic aide who says in a statement and i'm quoting, democratic leaders had a productive meeting with president obama and remain fully united moving forward. he said democrats are willing to negotiate on anything republicans want to discuss as soon as we reopen the government and pay our bills. now that statement is republicans will say more of the same from democrats. republicans say that want denies them any negotiating power at all. and the white house meeting follows a day of many failures today. it began on the house side where republicans walked antibiotic way from the caucus meeting late this morning frustrated by yet again they feel is the president's total resistance to negotiations this time over a proposal by paul ryan that would extend the debt ceiling for a few weeks while attempting to jump start some further discussions about the long term drivers of the nat
. it was the president's decision and harry reid's decision but i'm about putting an to end obama care some way eventually. >> you tried 42 times and it hasn't worked. >> one more time. >> thanks to representative donna edwards and steven king. >> join us tomorrow for another edition of "crossfire". erin burnett out front starts right now. >> evening. i'm erin burnett. we begin with breaking news. no vote. a house deal on the debt ceiling and the government shutdown has collapsed. republican leadership cannot find the votes to support the latest plan that would reopen the government and raise that debt ceiling. of course we're about 48 hours away from hitting it. the clock is ticking at this moment. this would be the country's first-ever default on the nation's debt if it to were happen i want to go straight to dana bash on capitol hill. what's the latest? there was a deal in the senate and then in the house and that got rejected. another deal. now no vote. how significant? >> reporter: it's hugely significant for some reasons. let's start with the latest, the decision which was made official m
was right. even some democrats joined in and voted against the wishes of their party. harry reid did but that's a technicality. he has to do that in order to bring the bill back up again. that bill died. the bigger thing was that susan collins, who is a popular republican senator from the state of main has on the table a proposal that may end all of this. she was surrounded while that vote count was going on by lots of democratic senators. lots of people comentated on it. she was being surrounded, i think, because this document that she has that would extend the debt ceiling limit to january the 31st and require some changes to the aca, otherwise known as obamacare, that's pretty much the only glimmer of hope out there. she was surrounded by these democrats, but then later in the day, harry reid came out of a press conferences and said her idea is off of the table as far as the democrats are concerned. she is not giving up, richelle. she is determined to press on with this. as i say, many people think it's the only glimmer of hope out there at the moment. >> what else do we know, joh
in a rare sunday session. in the meantime, harry reid and mitch mcconnell met yesterday and reid said the conversation continued today. now senator lindsey graham suggests republicans overreached in trying to defund obama care as part of the fiscal negotiations. >> for us to to the american people that we could defund obama care or delay it for a year by shutting down the government, i think, was unrealistic, but having said that, the president's response was i won't negotiate with you, you will raise the debt ceiling and open up the government without any conditions is just an immature response. >> mcconnell pointed to a pending senate bill that would end the shutdown and raise the debt ceiling. he said, quote, it does all this while maintaining our commitments to reduce spending, cutting obama care tax and improving antifraud provisions in that law. it's time for democratic leaders to take yes for an answer. and a leading democrat says the only hope now apparently lies with the u.s. senate. >> with the president, with senate democrats, with senate republicans, there's a will. we now
today, senate majority leader, harry reid warned, credit agencies were eyeing another possible downgrade. >> the debt is here. the deadline is looming. rating agencies are talking about downgrading us as early as tonight. again -- >> that is, i think, the curveball that was thrown to boehner and the republicans. that took them to the very point -- holy smokes, this might be the real deal. so there was capitulation on a number of different measures. and, of course, the backdrop is public opinion, is really damaging the republican party. but there was such a brouhaha over the weekend about veterans. i had an interesting phone call to my radio show today, a veteran, 57 years old, said, this is the consequences of a default. >> hey, ed. i'm a navy veteran. and no coward. but i am truly frightened to the bone right now. the republican recession of 2008 cost me my 401(k). i've worked all my life. done the right things. put money away. the only asset i have left is my house. and that's paid for. but this -- we go into default, i lose $100,000 in value on my house. that day. interest rates for m
, harry reid and the republican leader mitch mcconnell. unclear if they've met face to face yet today or not. my understanding according to sources in both parties is they actually had discussions that were more productive than they were perceived to be over the weekend. and that you know, the issue still is how long would they raise the debt ceilinging for and how long would they fund the government. now, those are not unimportant issues. those are obviously the key issues that they have had problems over. and the line in the sand for the democratic leader i'm told in these discussions is that he doesn't want to open the government and to fund the government longer than the end of the year. why is that? because what happens in january is a new round of forced spending cuts, across the board spending cuts kick in, meaning we're already in them now and another round is going to happen. democrats do not want that to happen. they're afraid if they fund the government through then, that would lock those spending cuts in place. it's harder to get out of them. i'm also told mitch mcconnell
led by harry reid may be demanding a debt ceiling and a government shutdown deal at the same time. throughout the hour, we're going to talk with some leading congressional members who met with the president today. but first, for the very latest from capitol hill, let's bring in cnbc contributor and ace political reporter robert costa of the national review. joining me on set tyler mathisen and dominic chu. first up, bob costa, what can you tell us? has this deal broken down or not? >> it has not broken down. remember, it is only thursday. house republicans came out today with their six-week extension for the debt ceiling that is their final offer. but democrats naturally are pushing back today publicly. they want to reopen the government along with extending the debt limit. so we're going to see between now and october 17th negotiations to see what democrats can get out of this extension offer. >> it sounded like as the day wore on, that president obama through his press spokesman jay carney was willing to accept the house original deal that there would be a debt ceiling increase,
like everyone is looking at two long-time veterans to broker a deal, senators harry reid and mitch mcconnell. for today, no big meetings to report. sunday, mcconnell and reid did briefly talk on the phone and aides said it was cordial but inconclusive. president obama also called democratic house leader nancy pelosi. while no one is panicking yet, it's not good. >> they haven't put us on suicide watch yet but they're concerned about us. >> we do have to start talking but we have to do that without being in the midst of a crisis moment and without jeopardizing our full faith and credit. >> he's got to play a more aggressive role. i'm not saying negotiating or whatever you want to call it, get people in a room, show this is serious. >> i don't see why the president is not accepting that, why he's not working with us. i think it's been very difficult to work with him. >> with the president, with senate democrats, with senate republicans, there's a will. we now have to find a way. >> this morning mt. rushmore, the statue of liberty and the grand canyon all back open because states will fr
while ago. harry reid said there is a long way to go in fiscal talks. >> conversations were extremely cordial, but preliminary, of course. nothing conclusive, but, i hope that our talking is some solace to the american people and for the world. >> he also said the government must be open and must maintain ability to pay its bills before progress with budget talks. let's bring you up to speed on what's happening today. the senate defeated a procedural move to bring up a clean bill, a debt limit bill. the vote was 53-45, party lines. the white house responded to the vote with this statement -- congress must do its job and raise the debt limit to pay the bills we have incurred and avoid default. it is unfortunate that the common-sense clean debt limit was refused a yes or no vote today. >>> meanwhile, in the house, not much is getting done, because members have left, leaving only the gop leadership in town. athena jones is live on capitol hill, putting in a long day. athena, what do you make of what the democrats are saying now? >> it's interesting to hear harry reid saying he hopes the
of representatives say, look, with all due respect let's try to fibs fix it the right way. harry reid says that is a gimmick, a show. we don't need to act on it in the senate. the white house says the same thing. both harry reid and the white house reversed themselves s within hours. here they are today. >> so this issue is largely moot. the action on this legislation is now just for show here. >> you don't need legislation? >> we don't need legislation. >> would the president veto that legislation? >> first of all, the legislation isn't necessary. our view has been that the piecemeal funding is, again, a gimmick. >> yet they did it. the senate passed it and the president signed it about half an hour ago. your thoughts? >> think about this. somebody in the department of defense looked at somebody else in the eye and secretary hagel or somebody under him probably and said do not pay the military families. do not do it. i don't care if we could do it. do not do it. by doing that they advocated their authority and ability and responsibility to be in that position that they were supposed to se
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